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Comgest

PRI reporting framework 2018

You are in Direct - Listed Equity Incorporation » Outputs and outcomes

Outputs and outcomes

LEI 12. How ESG incorporation has influenced portfolio composition

12.1. Indicate how your ESG incorporation strategies have influenced the composition of your portfolio(s) or investment universe.

Describe any reduction in your starting investment universe or other effects.

Our screening consists in establishing a list of exclusions that take place before determining investment universes. Besides, our quality growth investment philosophy is very selective and results in a number of portfolio candidates that is a fraction of the benchmarks to which we compare our funds performances.

Specify the percentage reduction (+/- 5%)

90 %

Select which of these effects followed your ESG integration:

12.2. Additional information.[Optional]

Our very selective initial quality-based screening results in the exclusion of around 90% of the investment universe, depending on the strategy. More or less 50% of quality criteria are related to ESG matters. As a result of Comgest’s integrated investment process, it has been observed for many years that companies in banking, energy, materials, mining, utilities, defense, tobacco and airlines industries are usually absent from or significantly underweighted in our portfolios.


LEI 13. Measurement of financial and ESG outcomes of ESG incorporation

13.1. Indicate whether your organisation measures how your approach to responsible investment in Listed Equity has affected your portfolio’s financial and/or ESG performance.

a) Funds’ reputation

Describe the impact on: Describe the impact Which strategies were analysed?
Funds' reputation

c) Funds’ financial performance: risk

Describe the impact on: Describe the impact Which strategies were analysed?
Funds' financial performance: risk
Describe the impact on: Describe the impact Which strategies were analysed?
Funds' ESG performance

13.2. Describe how you are able to determine these outcomes.

Reputation: we had new clients with high ESG expectations

Risk: we avoided companies having low ESG quality and facing high financial risks

ESG performance: our portfolio average ESG score is above the average ESG score of its benchmark


LEI 14. Examples of ESG issues that affected your investment view / performance

14.1. Provide examples of ESG issues that affected your investment view and/or performance during the reporting year.

14.2. Additional information.[Optional]


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